Agency to escort ABC H shares performance stronger than a-shares

Agricultural Bank of China, following the 15th landing in Shanghai Capital Market, 16th successfully listed in Hong Kong.　　At this point, ICBC, ABC, BOC, CCB and other large Chinese state-owned commercial banks completed in Hong Kong and Shanghai listed.　　Hong Kong chief Executive Donald Tsang, Hong Kong Special Administrative Region Government Financial Secretary John Tsang, and ABC chairman Junbo attended the IPO. Under the escort of the agency, the official landed in Hong Kong of ABC's H shares yesterday, with a 2.19% per cent gain smoothly through the first day after the listing. and the agricultural bank A shares after the first day of the market slightly rose 2 cents renminbi, yesterday closed to 2.69 yuan, slightly down 0.4%.　　The negative premium rate of AH shares is also widened from less than 4% of the price to 5.6%. Yesterday, ABC's H shares, which were 1.56% higher than HK $3.25, were then picked up at a premium of HK $3.31, the closing price of HK $3.27, up 3.2 from HK $2.19%, Deal 3.192 billion shares, involving an amount of HK $10.47 billion, accounting for 17% of the total turnover of the city.　　With 1000 shares per hand, regardless of the handling fee, the winning investor will earn HK $70 per hand. General manager of the British Securities Asset Management Department the motor thinks, with the publication of macroeconomic data and the past of stock index futures delivery Day, from a A-share, AgBank has passed the high-risk period after the listing, next week's pressure is expected to weaken.　　In the last two trading days, there are obvious signs of voluntary protection, and agbank is unlikely to fall below its IPO price next week.　　In the case of H-shares, analysts point out that, because investors are mainly institutional, H-shares may be slightly stronger in the short term than a shares, if the IPO price can be stabilized in the short term, or to provide a stabilizing role for H-share. According to the distribution arrangement, ABC will use the option of excess placing in this issue. According to the "Green shoes" mechanism, in the 30 days after the listing, the main underwriter can use the "Green Shoes" fund to purchase the ABC shares at prices not higher than the issue price, in order to maintain the stability of the stock price in the initial stage of the IPO, and realize the smooth transition of the stock price from The motor believes that this is equivalent to the Agricultural Bank of the layer of insurance, greatly reducing the short-term break in agricultural bank market risk. and institutional investors out of their own interests, will not want to see Agricultural bank break caused market panic, as long as the market does not appear panic, ABC should be able to spend 30 days after the listing, "green shoes" mechanism will not necessarily be enabled.